8-K

                           UNITED STATES
                SECURITIES AND EXCHANGE COMMISSION
                       Washington, DC  20549
                                 
                                 
                                 
                             FORM 8-K
                                 
                                 
                          CURRENT REPORT
                                 
                                 
                                 
                  Pursuant to Section 13 or 15(d)
              of the Securities Exchange Act of 1934
                                 
                                 
                                 
                  Date of Report:  April 10, 1998
                                 
                                 
                                 
                                 
                             VIAD CORP
      (Exact name of registrant as specified in its charter)



          DELAWARE                  001-11015        36-1169950
(State or other jurisdiction of    (Commission    (I.R.S. Employer
incorporation or organization)     File Number)   Identification No.)


1850 N. CENTRAL AVE., PHOENIX ARIZONA             85077
(Address of principal executive offices)        (Zip Code)


Registrant's telephone number, including area code (602) 207-4000



ITEM 5. OTHER EVENTS.

       In a press release dated April 6, 1998, Viad Corp ("Viad")
       announced that it would acquire MoneyGram Payment Systems,
       Inc. ("MoneyGram"), a provider of consumer money wire
       transfer services.  On April 10, 1998, Viad commenced a cash
       tender offer through the filing of Schedule 14D-1 with the
       Securities and Exchange Commission for all outstanding
       MoneyGram shares at a purchase price of $17 per share.  The
       offer is subject to customary conditions, including
       regulatory approvals and the valid tender of a majority of
       MoneyGram's outstanding shares.
       
       In a separate press release also dated April 6, 1998, Viad
       announced the sale of Aircraft Services International Group.
       
       Copies of the press releases are attached as Exhibits to
       this report.
       
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.

       (c)  Exhibits.

           99.1 Press Release
           99.2 Press Release


                            SIGNATURES

Pursuant to the requirements of the Securities and Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.


                                        VIAD CORP
                                        By: /s/ Richard C. Stephan
                                        --------------------------
                                        Richard C. Stephan
                                        Vice President - Controller


DATE: April 10, 1998

EX-99

							EXHIBIT 99.1


VIAD CORP TO ACQUIRE MONEYGRAM PAYMENT SYSTEMS, INC.

MONEYGRAM TO BE COMBINED WITH TRAVELERS EXPRESS COMPANY


PHOENIX, Ariz., April 6, 1998 - Viad Corp (NYSE:VVI), and MoneyGram 
Payment Systems, Inc. (NYSE:MNE), announced today that they have 
signed a definitive agreement in which Viad will acquire MoneyGram, 
one of the nation's leading money wire transfer companies. Viad will 
commence a cash tender offer no later than April 10th for all 
outstanding MoneyGram shares at a purchase price of $17 per share.  
MoneyGram's 1997 revenues were $141 million. The offer is subject to 
customary conditions, including regulatory approvals and the valid 
tender of a majority of MoneyGram's outstanding shares.  

The transaction will be non-dilutive to Viad's 1998 income from 
continuing operations and is expected to be accretive to Viad's 1999 
earnings per share. Viad's cost of the acquisition is expected to be 
$287 million, excluding transaction costs. The board of directors of 
MoneyGram has recommended approval of the transaction.	

The MoneyGram business is intended to be part of Viad's Travelers 
Express Company of Minneapolis, the nation's largest money order and 
second largest electronic bill payment services company.

"We are very pleased to be bringing together MoneyGram and Travelers
Express," said Robert H. Bohannon, Viad's chairman, president,
and chief executive officer.  "The acquisition is a big move 
toward accelerating growth in one of our leading core businesses-- 
financial payment systems.  It allows us to quickly enter the 
billion dollar global wire transfer market while providing 
cross-marketing opportunities for both money order and money 
wire transfer products."

Headquartered in Lakewood, Colo., MoneyGram was formed in 1988 by 
American Express and became a separate publicly traded company in 
1996 following its FTC mandated divestiture by First Data Corporation, 
a former subsidiary of American Express. 

"We are excited about the combination of these complementary 
businesses," said James F. Calvano, MoneyGram's chairman and chief 
executive officer. "This transaction addresses many of the strategic 
challenges MoneyGram has faced in the marketplace, particularly in 
distribution and technology, and presents an outstanding opportunity 
to grow our business."

The wire transfer market has been growing 20 to 30 percent per 
year for the last ten years.  MoneyGram is operating in more than 100 
countries, with its strongest presence in the wire transfer of money 
from the U.S. to Mexico.  The company's agent network in Latin America 
is increasing, and the company recently added agents in the U.K., 
Spain, Germany, Switzerland, Belgium, Norway and Ireland.  

Philip W. Milne, president and chief executive officer of Travelers 
Express, said, "MoneyGram's strong brand awareness and consumer 
recognition provides a great fit with our Travelers Express money order 
and retail electronic bill payment businesses. Combining our 47,000 
retail locations with 22,000 MoneyGram locations, gives us a tremendous
opportunity for cross-selling our products. This is a further step in 
our long-term strategy to put together a comprehensive package of 
financial services for consumers and financial institutions."

Travelers Express has completed six acquisitions since 1996, 
including Financial Services Management Corp., the nation's leading 
processor of rebate checks, and Game Financial Corporation, a company 
providing casinos with cash access services for patrons through the 
use of credit card cash advances, check cashing and automated teller 
machines.

In addition to money wire transfer, MoneyGram provides express 
bill payment services, phone card sales and money orders through 
a number of its agent locations in the U.S., all of which complement 
and add to Travelers Express' product lines.

Established in 1940, Travelers Express sells 275 million money 
orders annually, and also provides official check, share draft 
processing, and electronic bill payment services for financial 
institutions.  Its payment systems group serves more than 5,000 banks, 
credit unions and other financial institutions. Travelers Express 
annually processes about 750 million payment transactions valued at 
approximately $100 billion. 

Salomon Smith Barney advised Viad Corp on the transaction, and 
Morgan Stanley Dean Witter advised MoneyGram.

Viad Corp is a $2.5 billion S&P MidCap 400 services company with 
interests in payment services, airline catering, convention services 
and travel and leisure.  Headquarters are in Phoenix, Ariz. 

# # # #

EX-99

						EXHIBIT 99.2		

VIAD CORP SELLS ITS AIRCRAFT SERVICES COMPANY

ASIG Sold to Ranger Aerospace Corporation

PHOENIX, Ariz., April 6, 1998 - Robert H. Bohannon, chairman, 
president and chief executive officer of Viad Corp (NYSE:VVI), 
announces the disposition of a Viad subsidiary, Aircraft Services 
International Group (ASIG), for an undisclosed cash price to Ranger 
Aerospace Corporation, a Delaware corporation. 

Based in Miami, ASIG provides refueling, ground handling, 
maintenance and facility management at approximately 40 airports 
throughout the U.S., U.K., Germany and the Bahamas.  The company 
delivers more than three billion gallons of fuel to 1.4 million 
flights annually.

"This is a further step in our plan to concentrate on three core 
business segments - payment services, convention services and 
airline catering," Bohannon said.  "ASIG did not fit our mix 
of businesses and the sale provides funds for growth in 
other areas." 

Ranger Aerospace Corporation is a company that was formed to 
participate in the consolidation trend in the aviation services 
industry. 

Terms of the agreement include sale of 100 percent of the stock of 
ASIG and related operating companies.  Included in the sale is 
Aircraft Services Limited, a U.K. subsidiary of ASIG that is the 
number one independent into-plane fueling agent at London's 
Heathrow Airport.

Viad Corp is a $2.5 billion S&P MidCap 400 services company with 
interests in payment services, airline catering, convention 
services and travel and leisure.  Headquarters are in Phoenix, 
Arizona. 

# # # #